Looking for a Bail Bond? “Bail Bonds” – surety bond related to a criminal legal incident Not what we do at SuretyBonds.com. You will pay a set fee to a bail bond company, and may have to post collateral.
Need a Bail Bond? Try a search for your local area + “Bail Bonds Company”.
Small Businesses Owners Again, the cost of your surety bond will depend:
Common Premium Costs Most commercial bonds will carry a premium cost of 1% up to 15%. If you’re getting a $50,000 bond, you’ll pay anywhere from $500 to $7,500.
Why the Large Gap in Costs? There are two different markets: Standard High-Risk “Standard” is cheaper.
I want to be “Standard” then! To qualify for Standard premiums, you’ll need to meet some criteria. Been in Business > 1 year. Credit score > 650. No prior surety bond claims. 3+ years experience in your industry. Personal net worth 1-3x the bond amount.
Non-Standard or “High Risk” You can still obtain a surety bond if you do not meet the “Standard” criteria. Have no prior surety bond claims. Are a US Citizen.
Our Takeaways Talk to a Bonding Agency, like SuretyBonds.om Price will vary greatly based on situation. Standard and Non-Standard surety bonds are available.
Produced by the SuretyBonds.com Education Center www.suretybonds.com/edu www.suretybonds.com/blog